HPT Jumps on the Dividend Suspension Bandwagon
The annoucment today by Hospitality Properties Trust almost isn't newsworthy. Following the move of many in the hospitality industry such as Strategic Hotels and Ashford Hospitality Trust, HPT also decides to suspend their dividend.
Instead of only solely claiming a need to conserve capital, the firm also blames the move on Marriott for "paying less than the minimum return due HPT." Creative excuse.
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Apr.08.2009. 18:30
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